O Shaughnessy Asset Management LLC Buys 158,895 Shares of TechnipFMC plc (NYSE:FTI)

O Shaughnessy Asset Management LLC increased its stake in shares of TechnipFMC plc (NYSE:FTI) by 1,197.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,163 shares of the oil and gas company’s stock after purchasing an additional 158,895 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in TechnipFMC were worth $4,982,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FTI. Baker Tilly Wealth Management LLC increased its holdings in shares of TechnipFMC by 4.1% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company’s stock worth $248,000 after buying an additional 338 shares in the last quarter. Yousif Capital Management LLC raised its position in TechnipFMC by 4.6% in the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company’s stock valued at $236,000 after purchasing an additional 357 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of TechnipFMC by 3.3% during the fourth quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company’s stock valued at $334,000 after purchasing an additional 363 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of TechnipFMC by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company’s stock worth $66,000 after purchasing an additional 414 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of TechnipFMC by 3.8% in the fourth quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 423 shares during the period. Institutional investors own 96.58% of the company’s stock.

Analyst Upgrades and Downgrades

FTI has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $29.00 to $40.00 in a research note on Friday, December 6th. Barclays raised their target price on TechnipFMC from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd. StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, Evercore ISI raised their price objective on TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.31.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares of the company’s stock, valued at approximately $3,722,495.85. The trade was a 23.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the sale, the director now directly owns 100,951 shares of the company’s stock, valued at approximately $3,004,301.76. This trade represents a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,706 shares of company stock valued at $1,651,665. Company insiders own 1.80% of the company’s stock.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $32.63 on Thursday. The firm has a market capitalization of $13.72 billion, a P/E ratio of 21.47 and a beta of 1.54. The firm’s 50-day moving average price is $29.55 and its 200-day moving average price is $29.07. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a 1-year low of $22.99 and a 1-year high of $33.45.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were issued a $0.05 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.61%. TechnipFMC’s payout ratio is currently 10.42%.

About TechnipFMC

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.